Liu, J; Flanagan, R and Li, Z (2003) Why does China need risk management in its construction industry? In: Greenwood, D J (ed.) Proceedings of 19th Annual ARCOM Conference, 3-5 September 2003, Brighton, UK.
Abstract
Construction has been perceived as a pillar industry in China’s economic development. However, construction industry has a poor reputation for coping with risk, many projects failing to meet deadlines and cost targets. The construction industry suffers from more risk and uncertainty than most other industries. Risk management can help stakeholders in construction industry to avoid or alleviate these failures. Only if the need of risk management in construction industry has been identified, risk management can be effectively applied to Chinese construction industry.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | China; risks; risk management |
| Index terms: | economic development, China, construction industry, coping, risk management |
| Subjects: | industry analysis, behavioral psychology, economic development, Geography, risk assessment |
| Topics: | Research Practice, Geographical Context, Risk Management, Sustainability |
| Descriptive scope: | 3 PCT |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here